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Cagayan Robina Sugar Milling Co. vs CA, Central Board Of Assessment Appeals, Board Of Assessment Appeals, And The Provinicial Assessor Of Cagayan

CAGAYAN ROBINA SUGAR MILLING CO., petitioner, vs. COURT OF APPEALS, CENTRAL BOARD OF ASSESSMENT APPEALS, BOARD OF ASSESSMENT APPEALS, and THE PROVINICIAL ASSESSOR OF CAGAYAN, respondents.

G.R. No. 122451 | 2000-10-12

D E C I S I O N


QUISUMBING, J.:

This petition assails the decision[1] dated September 26, 1995, of the Court of Appeals in CA-G.R. SP No. 37934, denying petitioner's petition for review of the decision[2] dated April 30, 1994, of the Central Board of Assessment Appeals (CBAA). Earlier, the CBAA had dismissed petitioner's appeal from the Resolution[3] of the Local Board of Assessment Appeals (LBAA) dated April 1, 1992, which fixed at P260,327,060.00 the market value of petitioner's properties located in Piat, Cagayan.

The factual antecedents which gave rise to the instant case, are as follows:

In 1990, the Assets Privatization Trust...